Binance Futures Introduces DOGSUSD COIN-M Perpetual Contract with 20x Leverage

Binance Futures is set to launch the DOGSUSD COIN-M Perpetual Contract, offering traders up to 20x leverage. The new contract will be available starting September 10, 2024, at 10:00 (UTC), according to Binance.

Contract Specifications

The DOGSUSD COIN-M Perpetual Contract will feature a funding fee settlement frequency of every eight hours. Binance reserves the right to adjust various specifications, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements based on market risk conditions.

Terms and Conditions

Traders should note that the DOGSUSD Perpetual Contract is governed by the Binance Terms of Use and the Binance Futures Service Agreement. Any discrepancies in translated versions of the announcement should be resolved by referring to the original English version for the most accurate information.

High-Risk Warning

Binance has issued a high-risk warning, emphasizing the volatility of digital asset prices. They caution that the value of investments may fluctuate, and users are solely responsible for their investment decisions. Futures trading, in particular, is subject to high market risk and price volatility, potentially requiring additional margin deposits or interest payments at short notice. Failure to meet these requirements may result in the liquidation of collateral without consent, and users may remain liable for any resulting deficits.

Binance also reserves the right to amend or cancel the announcement at any time without prior notice. For more details, users are encouraged to review the Binance Terms of Use and the Risk Warning page.